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Tuesday, 29 January 2013

SILVER TREND FOR TODAY- 30-JAN-2013


Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in HOLD SHORTposition.Positionally Immediate support for Silver is 57446.Resistance for the Silver is 58892-59198-59257-59798-60318-60438-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 58506.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 58448.9 with a stop at 57577.5 Below 57364.8 go for sell and put stop at 58235.4
Intraday Resistance of SILVER are 58080.9/58226.1/58364.5/58485.4
Intraday Support of SILVER are 57731.1/57585.9/57402.2/57282.4


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